Positive signs on the path to economic harmony

摘要

Since we restored the old regime, a basket of trade-related currencies, the Kuwaiti dinar has appreciated by almost 9% against the dollar, strengthening the dinar, and so far in our opinion it is excellent. With 80% of our goods and services imported and our exchange rate appreciating against the dollar, the depegging has played a positive role as regards imports and has played a part in reducing inflation, especially from the high price of imports. Inflation has gone up. This is no surprise because of the rising cost of food in Kuwait and elsewhere as a result of increased demand and decreased supply of agricultural products through drought and biofuels, and also the increased price of oil, transportation and insurance.